A.12. Characteristics of Bank Loans to Farmers -- Large Farm Lenders, by Risk Rating, May 7-11, 2007 Percent except as noted ___________________________________________________________________________________________________________________________________ Loan characteristic All Minimal Low Moderate Acceptable Special Not rated Not reported ___________________________________________________________________________________________________________________________________ Volume of loans (thousands of dollars) 1,002,630 16,396 106,078 449,040 221,511 47,356 16,426 145,823 Number of loans 20,576 572 2,351 9,651 4,074 735 96 3,098 Weighted average maturity (months) 1 20.60 8.92 23.69 18.37 17.96 11.14 32.87 32.97 Weighted average repricing interval (months) 2 8.32 4.45 9.38 7.59 1.72 .85 14.65 22.34 Weighted average risk rating 3 3.21 1.00 2.00 3.00 4.00 5.00 n.a. n.a. Weighted average interest rate 4 8.48 8.36 8.18 8.54 8.46 8.67 8.78 8.43 Standard error 5 .11 .26 .26 .18 .20 .29 .29 .30 Interquartile range 6 75th percentile 9.34 9.69 9.30 9.37 9.34 9.11 9.69 9.21 25th percentile 7.71 7.12 7.30 7.84 7.50 7.76 7.79 7.52 Purpose of loan Feeder livestock 8.72 9.17 9.56 8.40 8.59 8.95 n.a. 8.26 Other livestock 8.16 8.60 8.70 8.94 7.50 7.12 9.42 9.92 Other current operating expenses 7 8.86 7.83 8.73 8.96 8.88 8.76 9.66 8.79 Farm machinery and equipment 8.66 6.71 8.02 8.48 9.20 10.58 n.a. 9.06 Farm real estate 8.00 n.a. 7.84 8.05 8.65 n.a. 8.27 7.85 Other 8 7.90 7.97 6.68 7.82 8.20 8.90 8.69 7.68 Share of total loan volume Features of loan Floating rates 79.38 17.66 61.87 78.78 94.23 85.71 92.53 74.82 Under commitment 75.95 95.93 68.52 79.39 96.44 83.62 67.42 35.83 Callable 20.89 65.72 29.89 24.15 10.58 8.07 52.58 15.53 Subject to prepayment penalty 2.43 .85 .04 4.27 1.99 .16 n.a. .37 Purpose of loan Feeder livestock 4.95 38.30 9.36 4.13 1.70 .43 n.a. 7.49 Other livestock 4.96 1.73 6.20 2.87 10.28 7.37 19.16 .39 Other current operating expenses 7 47.01 56.54 44.74 49.34 35.93 74.30 .44 53.62 Farm machinery and equipment 8.36 .21 4.96 11.65 7.79 .34 n.a. 5.98 Farm real estate 8.41 n.a. 10.20 11.11 1.20 n.a. 12.96 12.92 Other 8 26.32 3.22 24.53 20.91 43.10 17.57 67.44 19.59 Type of collateral Farm real estate 13.64 15.37 14.38 13.79 7.83 13.90 32.58 19.04 Other 82.45 83.79 83.53 80.55 90.77 84.14 67.42 75.88 ___________________________________________________________________________________________________________________________________ Note. Most large farm lenders that reported loans to farmers had more than $25 million in farm loans. For explanation of footnotes, see table A.8. n.a. Not available. 17